US Rejects Latest Peace Proposal From Iran

Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100 Futures are higher with earnings in full swing and AI winners soaring. Trump indefinitely extended the ceasefire with Iran just before its Taco Tuesday expiration, while maintaining a blockade of the Strait of Hormuz, after plans for peace talks fell apart. Still, the market doesn’t seem too concerned about the lack of a resolution, and is instead focused on a Tasnim report that Iran had received "some signs" the US was ready to break the blockade. As of 8:00am, S&P futures were...

China Stocks Sink To One-Year Low As Proposed US Curbs Hammer Optical Suppliers The CSI 300 Index, a leading benchmark tracking 300 of the largest stocks listed in Shanghai and Shenzhen, fell to a one-year low Monday. The index, roughly comparable to the S&P 500, came under pressure as co-packaged optics (CPO) shares sold off following a Reuters report of proposed US restrictions on Chinese optical transceivers used in sensitive government systems and data centers. UBS's Lucy Zhang offered clients a first take on the Reuters report and the resulting selloff in...

Head Of Blackstone's Real Estate Group Abandons Ship After Less Than A Year  Submitted by QTR's Fringe Finance The Incentive To Stay, The Psychology Of Leaving Head of Real Estate Nadeem Meghji is leaving Blackstone less than a year after taking sole control of its real-estate business, according to a new report from the Wall Street Journal. The official explanation is a desire to spend more time with family. That may be entirely true. But when the head of one of the world’s largest real-estate investment businesses decides to leave after nearly two decades, and...